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Cyngn's Proprietary Computer Vision Achieves Arauco's Complex Application Requirements by Utilizing Ouster Lidar in a Multi-Sensor System

PR Newswire - Tue Aug 22, 2023 Columnist Contributor Content Press Release Sponsored Content

Cyngn uses Ouster's REV7 lidar sensors to maximize DriveMod's self-driving capabilities and detect pallet stack attributes

MENLO PARK, Calif., Aug. 22, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq:CYN), a developer of AI-powered autonomous driving solutions for industrial applications, recently secured a pre-order of 100 DriveMod Forklifts from Arauco, a global provider of sustainable forestry products. Once deployed, this order represents up to $5 million in annual recurring EAS license revenues while addressing only a small portion of Arauco's existing forklift fleet.

Read more at prnewswire.com

Related Symbols

Symbol Last Chg %Chg
OUST 13.76 -0.21 -1.50%
Ouster Inc
CYN 4.91 -0.04 -0.81%
Cyngn Inc
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